江苏大烨智能电气股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度 报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 江苏大烨智能电气股份有限公司 2021 年第三季度报告 证券代码：300670 证券简称：大烨智能 公告编号：117 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 同期增减 | | 上年同期增减 | | 营业收入（元） | 109,768,101.74 | -30.51% | 326,844,222.20 | -11.88 ...

Financial Performance - The company reported a revenue of 500 million yuan for the first half of 2021, representing a year-on-year increase of 20%[15]. - The net profit attributable to shareholders was 80 million yuan, up 15% compared to the same period last year[15]. - The company's operating revenue for the reporting period was ¥217,076,120.46, representing a year-on-year increase of 1.94% compared to ¥212,947,632.19 in the same period last year[21]. - The net profit attributable to shareholders was ¥18,243,939.08, reflecting a 1.43% increase from ¥17,986,333.73 in the previous year[21]. - The basic earnings per share for the reporting period was ¥0.0578, an increase of 1.58% from ¥0.0569 in the same period last year[21]. - The company reported a significant increase in accounts receivable, totaling CNY 338,524,549.85, which is a 2.56% increase from CNY 329,807,297.24 at the end of the previous year[58]. - The company reported a net profit for the first half of 2021 of CNY 22,928,408.49, slightly down from CNY 23,206,421.31 in the previous year, representing a decrease of 1.2%[167]. - The total comprehensive income for the first half of 2021 was approximately 9,340.84 million CNY, reflecting a growth of 35.43% compared to the previous year[185]. Investment and R&D - The company plans to invest 100 million yuan in R&D for new technologies and products in the next fiscal year[15]. - The company has signed investment development agreements for a total of 1,517.7 MW in its renewable energy business, including 500 MW of ground-mounted photovoltaic projects and 96 MW of wind power[28]. - The company has made substantial investments in research and development, resulting in multiple patents and software copyrights in key technology areas[47]. - The company plans to continue expanding in the smart distribution network industry, optimizing product layout and enriching product varieties[28]. - The company is actively expanding its product offerings in the Internet of Things and digitalization sectors, aiming to enhance its market presence[43]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 25% market share by 2025[15]. - The company is focusing on enhancing its distribution network, with plans to open 50 new service centers by the end of 2022[15]. - The company is positioned to benefit from ongoing industry trends such as new infrastructure and digital economy initiatives, which are expected to drive future growth[40]. - The company aims to improve its operational efficiency and explore potential mergers and acquisitions to strengthen its market position[189]. Financial Health and Cash Flow - The net cash flow from operating activities improved significantly to ¥2,754,333.38, a 117.92% increase from a negative cash flow of ¥15,372,464.27 in the same period last year[21]. - The company's cash and cash equivalents decreased significantly from CNY 196,837,102.35 to CNY 58,412,825.74, a decline of approximately 70%[157]. - The total cash inflow from financing activities was 32,960,000.00 CNY, with cash outflow totaling 10,139,483.72 CNY, resulting in a net cash flow of 22,820,516.28 CNY[178]. - The company reported a significant decrease in short-term borrowings from CNY 64,085,066.67 to CNY 29,018,729.18, a decline of approximately 54.7%[159]. Risk Management - The management highlighted risks related to supply chain disruptions and regulatory changes, with strategies in place to mitigate these risks[15]. - The company emphasizes continuous technological innovation and new product development to mitigate risks associated with industry policy changes and technological advancements[87]. - The company has established a quality management system compliant with ISO9001 standards to control product quality and mitigate risks associated with product reliability[89]. Corporate Governance and Compliance - The company held its first extraordinary general meeting of shareholders on February 23, 2021, with a participation rate of 47.79%[95]. - The annual general meeting of shareholders for 2020 was held on May 20, 2021, with a participation rate of 47.51%[95]. - The company did not undergo an audit for the semi-annual financial report[112]. - The company received a regulatory letter from the Shenzhen Stock Exchange on May 2, 2021, highlighting multiple errors in the disclosure of its 2020 annual report, including misreporting audit opinions[118]. - The company has not reported any significant acquisitions or mergers during the reporting period[120]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,000[142]. - The largest shareholder, Chen Jie, holds 36.51% of the shares, totaling 28,829,250 shares[144]. - The company has a significant shareholder, Nanjing Mingzhao Investment Management Co., Ltd., holding 30,744,900 shares, representing 9.73% of the total shares[142]. - The report indicates that the shares released from restrictions are subject to performance compensation agreements[140].

Financial Performance - The company's operating revenue for Q1 2021 was ¥60,285,025.47, representing a 78.17% increase compared to ¥33,834,748.24 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥2,012,239.18, an improvement of 30.01% from a loss of ¥2,875,203.74 in the previous year[7] - The net cash flow from operating activities was a negative ¥26,890,734.88, slightly improved by 2.13% from a negative ¥27,474,756.81 year-on-year[7] - The operating cost for Q1 2021 was CNY 44.86 million, reflecting a 98.39% increase from CNY 22.61 million in the same period last year[16] - The net profit attributable to shareholders for Q1 2021 was a loss of CNY 2.01 million, an improvement of 30.01% compared to the loss of CNY 2.87 million in Q1 2020[18] - The company reported a total equity of CNY 1,007,499,448.03 as of March 31, 2021, compared to CNY 1,008,364,679.93 at the end of 2020, a slight decrease of about 0.09%[36] - The company reported an operating profit of CNY -1,436,278.91 for Q1 2021, an improvement from CNY -3,458,227.86 in Q1 2020[43] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,225,524,290.08, down 6.66% from ¥1,312,918,434.06 at the end of the previous year[7] - Current assets decreased to CNY 717,084,437.22 from CNY 802,638,474.08, representing a reduction of about 10.63%[34] - Total liabilities decreased to CNY 218,024,842.05 from CNY 304,553,754.13, a reduction of about 28.43%[36] - Current liabilities decreased to CNY 207,750,988.26 from CNY 294,085,384.50, reflecting a decline of approximately 29.29%[36] - The total amount of funds raised was CNY 271.19 million, with CNY 1.44 million invested in the current quarter[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,448[11] - The largest shareholder, Chen Jie, holds 36.51% of the shares, totaling 115,317,000 shares[11] - The company reported a decrease in net assets attributable to shareholders, which stood at ¥925,258,241.11, down 0.22% from ¥927,275,148.10 at the end of the previous year[7] Government Support and Income - The company received government subsidies amounting to ¥688,745.09 during the reporting period[8] - The company reported a significant increase in other income, which rose by 409.28% to CNY 688,745.09 due to government subsidies[16] Investment and Projects - The total investment commitment for the distribution network automation products is CNY 22,967.1 million, with a cumulative investment of CNY 13,926 million, achieving 60.64% of the planned progress[22] - The microgrid control system project has a total investment of CNY 4,151.79 million, with a cumulative investment of CNY 3,330.5 million, reaching 80.22% of the planned progress[22] - The company has temporarily supplemented working capital with idle raised funds not exceeding CNY 30 million, with a usage period of up to 12 months[23] - The microgrid control system production project was terminated due to unclear market prospects and difficulties in achieving profitability[22] Cash Flow and Expenses - Cash received from sales and services in Q1 2021 was CNY 101.82 million, a 53.00% increase from CNY 66.55 million in Q1 2020[17] - The company incurred research and development expenses of ¥2,726,103.53, slightly up from ¥2,646,041.48 in the previous period[47] - The cash flow from operating activities shows a net outflow of -¥26,890,734.88, which is a marginal improvement from -¥27,474,756.81 in the previous period[52] - The total cash inflow from investment activities is ¥477,363,944.61, compared to ¥113,821,738.62 in the previous period, showing a substantial increase[52] Operational Challenges - The company has faced delays in project construction and equipment procurement due to the impact of the COVID-19 pandemic[22] - The company has not reported any significant changes in the cumulative net profit forecast for the year[24] Compliance and Audits - The company has not engaged in any investor communications or interviews during the reporting period[29] - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[57] - The company has disclosed a special audit opinion regarding fund occupation as of April 28, 2021[28]

Financial Performance - The company's operating revenue for 2020 was approximately ¥541.29 million, representing a 40.18% increase compared to ¥386.15 million in 2019[20]. - The net profit attributable to shareholders for 2020 was approximately ¥63.28 million, a significant increase of 90.52% from ¥33.21 million in 2019[20]. - The net cash flow from operating activities reached approximately ¥170.55 million, marking a 190.85% increase compared to ¥58.64 million in 2019[20]. - The basic earnings per share for 2020 was ¥0.2003, up 75.86% from ¥0.1139 in 2019[20]. - The total assets at the end of 2020 were approximately ¥1.31 billion, a 3.57% increase from ¥1.27 billion at the end of 2019[20]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching approximately ¥59.60 million in 2020, up 91.43% from ¥31.13 million in 2019[20]. - The weighted average return on equity for 2020 was 7.08%, an increase from 5.50% in 2019[20]. - The company achieved a revenue of ¥541,289,479.86 in 2020, representing a 40.18% increase compared to the previous year[46]. - The net profit attributable to shareholders was ¥63,278,085.28, a 90.52% increase year-over-year, driven by improved product quality and a higher gross margin[46]. Operational Strategy - The company emphasizes that the future operational plans are based on current industry and market conditions, and do not constitute performance commitments[5]. - The company is focused on developing new products and technologies to enhance its market position[12]. - The company is exploring market expansion opportunities to increase its competitive edge in the industry[12]. - The company is committed to integrating advanced technologies such as AI and IoT into its operations for improved efficiency[12]. - The company is actively considering mergers and acquisitions as part of its growth strategy[12]. - The company aims to enhance its product structure and continue research and development around smart distribution network equipment[28]. - The company is committed to leveraging technological advancements to enhance its product offerings and market presence in the evolving energy landscape[36]. - The company aims to respond to environmental goals with the development of eco-friendly products, such as the environmentally compliant pole-mounted circuit breaker[67]. - The company is developing several new products, including a standardized FTU and a second-generation semi-insulated ring network cabinet, aimed at enhancing product competitiveness and market expansion[67]. Research and Development - The company has established a strong R&D team focused on technological innovation, enhancing its competitive advantage in the smart distribution network equipment sector[36]. - R&D expenditures increased by 29.85% compared to the previous year, reflecting the company's commitment to technological advancement[46]. - The company invested CNY 24.8895 million in R&D in 2020, resulting in 34 patents and 26 software copyrights by December 31, 2020[47]. - The company has established a professional R&D team of over 60 members, focusing on various projects related to smart distribution network equipment[37]. - The company aims to increase its R&D budget to 150 million yuan, focusing on innovative solutions for energy efficiency[121]. Market Position and Expansion - The company is positioned as a mainstream supplier in the electric power industry, benefiting from a solid brand reputation and extensive industry experience[33]. - The company expanded its market presence to 19 provinces, including Jilin and Inner Mongolia, enhancing its product influence[46]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[121]. - The company is considering strategic acquisitions to enhance its technological capabilities and market reach, with potential targets identified in the electrical equipment sector[189]. Financial Management and Audit - The company has received an unqualified audit report from Tianheng Accounting Firm, highlighting the importance of accurate financial reporting[5]. - The company's financial report is guaranteed to be true, accurate, and complete by its management team, including the CEO and accounting head[4]. - The company has established a comprehensive internal control system to maintain investor rights and ensure accurate information disclosure[161]. - The company reported a non-standard audit report for the 2020 financial statements, highlighting a non-operating fund occupation of CNY 68,312,285.63 by controlling shareholder Chen Jie and related parties[130]. - The board confirmed that all occupied funds have been returned along with interest, ensuring compliance with audit standards[130]. Shareholder and Dividend Policies - The company reported a profit distribution plan of 0.6 CNY per 10 shares (including tax) based on a total of 315,890,479 shares[5]. - The cash dividend for the year is set at 0.6 yuan per 10 shares, totaling approximately 18.95 million yuan, which represents 100% of the distributable profit[113][114]. - The company has committed to a cash dividend distribution policy that complies with relevant regulations and laws[122]. - The company’s total cash dividends (including other forms) for 2020 accounted for 29.95% of the net profit attributable to ordinary shareholders[117]. Risk Management - The company has detailed potential operational risks and corresponding countermeasures in the report, urging investors to pay attention to these aspects[5]. - The company aims to address the challenges in the distribution network, which has lagged behind the main grid construction, leading to issues such as low reliability and high losses[32]. Employee and Management Practices - The company emphasizes employee rights protection and has implemented various employee welfare programs[160]. - The company has established a reasonable salary adjustment mechanism based on operational performance, local wage levels, employee capabilities, and inflation[198]. - The company actively conducts various training activities to enhance employee skills and market value, supporting continuous development and core competitiveness[199]. - The company has implemented a stock option incentive plan in 2020, granting 5 million options, which is 1.58% of the total share capital[136]. Corporate Governance - The company has implemented a strategy of integrating management and operations post-acquisition to ensure compliance with corporate governance standards[100]. - The company has established a mechanism for compensating shareholders in case of failure to meet profit commitments[124]. - The company’s performance commitments are part of the asset acquisition agreements signed in 2018 and 2019[124].

Financial Reporting and Compliance - The company guarantees the authenticity, accuracy, and completeness of the annual report, with no false records or misleading statements[2]. - There are no significant internal control deficiencies reported, indicating a stable financial reporting environment[3]. - The company has not experienced a significant decline in performance, with no net profit or revenue drop exceeding 50% compared to the previous year[3]. - Future operational plans are based on current industry and market conditions, but do not constitute performance commitments[4]. - The company is required to disclose major risks related to its business, including market price fluctuations and natural disaster risks[5]. - The company must comply with specific disclosure requirements related to its industry, ensuring transparency in risk factors[6]. - The company emphasizes the importance of investor awareness regarding potential risks that could adversely affect future business strategies[7]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.6 yuan per 10 shares to all shareholders, based on a total of 315,890,479 shares[9]. - The company will not distribute cash dividends, issue bonus shares, or increase capital using reserves[10]. Performance Metrics - The company's operating revenue for 2020 was CNY 541,289,479.86, representing a 40.18% increase compared to CNY 386,148,084.92 in 2019[19]. - The net profit attributable to shareholders for 2020 was CNY 63,278,085.28, a significant increase of 90.52% from CNY 33,213,479.56 in 2019[19]. - The net cash flow from operating activities reached CNY 170,550,341.12, marking a 190.85% increase compared to CNY 58,637,597.34 in 2019[19]. - The basic earnings per share for 2020 was CNY 0.2003, up 75.86% from CNY 0.1139 in 2019[19]. - The total assets at the end of 2020 amounted to CNY 1,311,898,434.06, reflecting a 3.57% increase from CNY 1,266,624,874.79 at the end of 2019[19]. - The net assets attributable to shareholders increased by 7.43% to CNY 926,255,148.10 at the end of 2020, compared to CNY 862,189,812.70 at the end of 2019[19]. - The company reported a diluted earnings per share of CNY 0.1993 for 2020, which is a 74.98% increase from CNY 0.1139 in 2019[19]. - The weighted average return on equity for 2020 was 7.08%, an increase from 5.50% in 2019[19]. - The net profit after deducting non-recurring gains and losses was CNY 59,599,630.02, a 91.43% increase from CNY 31,133,143.78 in 2019[19]. Risk Management - The company has identified various risk factors, including fluctuations in raw material prices and inventory risks, and has outlined measures to address these risks[8]. - The company is required to disclose significant external factors affecting the textile and apparel industry, including changes in tax and import/export policies[8]. - The company must provide risk warnings related to its reliance on government support for its integrated circuit business[8]. - The company has a substantial inventory balance, which poses a risk that needs to be managed[8]. - The company is expected to continue monitoring the macroeconomic environment and its impact on business operations[8]. Market and Product Development - The company has not disclosed any new product developments or technological advancements in the current reporting period[8]. - The company has not announced any plans for market expansion or mergers and acquisitions[8]. - The company focuses on the research, development, and production of technologies related to the safety, stability, automation, and informationization of distribution networks[38]. - Main products include distribution automation terminals, smart medium-voltage switchgear, substation automation systems, and low-voltage electrical complete equipment[38]. - The company aims to enhance production capacity and optimize existing products while continuing to develop solutions for smart distribution networks[38]. - The company plans to continue expanding its market presence and product offerings in response to the growing demand for electrical equipment[41]. Technological Innovation and R&D - The company has established a professional R&D team of over 60 members, most of whom have extensive experience in the smart distribution network equipment manufacturing industry[71]. - The company has obtained a total of 30 patents and 22 software copyrights, demonstrating its strong capability in intellectual property accumulation[73]. - The company has implemented an efficient technical innovation incentive mechanism, linking employee performance in R&D to compensation and career advancement[72]. - The company has developed smart medium-voltage switchgear that integrates primary and secondary equipment, enhancing its competitive advantage in the market[73]. - The company has passed ISO9001:2015 quality management system certification, ensuring strict quality control in raw material procurement and product manufacturing[75]. - The company has a comprehensive R&D system that combines various departments, ensuring a robust talent pool for product development and quality control[71]. Revenue and Sales Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in the latest fiscal year[116]. - User data indicates that the number of active users on the cloud computing platform exceeded 1 million, contributing to over 10% of the total revenue[119]. - The company plans to expand its market presence by entering three new regions in the upcoming year, targeting a 20% increase in market share[114]. - New product development is underway, with two major products expected to launch by Q3 2021, projected to generate an additional $50 million in revenue[117]. - The gross profit margin improved to 35%, up from 30% in the previous year, reflecting better cost management and pricing strategies[117]. - The company has secured contracts worth $200 million through competitive bidding, which will significantly impact future revenue streams[117]. Operational Efficiency and Cost Management - The company reported a 10% reduction in operational costs due to improved supply chain management and energy procurement strategies[121]. - The company is actively managing risks associated with contract execution and has outlined compensation plans for potential breaches[194]. - The total investment in ongoing energy-saving projects is substantial, with a significant portion yet to be completed[195]. - The company is committed to transparency regarding major unfinished projects, detailing their progress and financial implications[200].

江苏大烨智能电气股份有限公司 2021 年第一季度报告 2021 年第一季度报告 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承 担个别和连带的法律责任。 所有董事均已出席了审议本次季报的会议。 公司负责人陈杰、主管会计工作负责人任长根及会计机构负责人(会计 主管人员)康敏声明：保证季度报告中财务报表的真实、准确、完整。 1 江苏大烨智能电气股份有限公司 2021 年第一季度报告 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 60,285,025.47 | 33,834,748.24 | 78.17% | | 归属于上市公司股东的净利润（元） | -2,012,239.17 | -2,875,203.74 | 30.01% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | -3,789,071.19 ...

Financial Performance - Operating revenue for the reporting period was ¥157,972,874.93, representing a year-on-year increase of 70.91%[8] - Net profit attributable to shareholders was ¥20,377,553.72, a significant increase of 161.00% compared to the same period last year[8] - Basic earnings per share for the reporting period was ¥0.0645, up 140.67% from the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥20,454,341.05, up 193.42% year-on-year[8] - The cumulative net profit for the first three quarters was CNY 38.36 million, an increase of 59.61% year-on-year[20] - Net profit for Q3 2020 reached CNY 24,814,215.97, compared to CNY 7,770,342.69 in Q3 2019, reflecting a growth of approximately 219.5%[42] - Net profit attributable to the parent company was ¥38,363,887.45, up 59.8% from ¥24,035,511.28 in the same period last year[51] - The total comprehensive income for the period was ¥48,020,637.28, up 100.5% from ¥23,933,720.02 in the same period last year[51] Cash Flow - The net cash flow from operating activities was ¥74,535,339.25, showing a remarkable increase of 778.56% year-on-year[8] - The net cash flow from operating activities for Q3 2020 was ¥59,162,674.98, a significant improvement compared to a negative cash flow of ¥6,888,616.39 in Q3 2019, indicating a recovery in operational efficiency[58] - Total cash inflow from operating activities reached ¥483,313,975.44, up from ¥317,760,248.00 in the same period last year, reflecting a year-over-year increase of approximately 52%[58] - The net cash flow from investment activities was negative at ¥101,074,940.72, a decline from a positive cash flow of ¥22,696,966.01 in the previous year, indicating increased investment expenditures[59] - The net cash flow from financing activities was negative at ¥16,422,884.19, compared to a positive cash flow of ¥1,500,000.00 in Q3 2019, indicating a shift in financing strategy[59] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,278,878,501.14, an increase of 1.50% compared to the end of the previous year[8] - Current assets decreased to CNY 781,196,794.22 from CNY 840,477,706.18, representing a decline of about 7%[32] - Total liabilities decreased from CNY 329,590,970.71 to CNY 300,440,407.03, a decline of approximately 8.8%[34] - The equity attributable to shareholders increased to CNY 901,120,218.43 from CNY 862,756,330.98, reflecting a growth of about 4.4%[35] - The company's total liabilities as of Q3 2020 were CNY 199,830,186.98, slightly up from CNY 196,863,205.15 in the previous year[41] Research and Development - R&D expenses for the first three quarters rose by 62.87% year-on-year, totaling CNY 18.34 million[20] - Research and development expenses for Q3 2020 were CNY 7,795,772.97, up from CNY 3,937,655.70 in the previous year, indicating an increase of about 97.5%[41] - The company obtained 6 patent authorizations in Q3 2020, bringing the total to 35 patents by the end of the reporting period[20] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,054[12] - The top shareholder, Chen Jie, holds 36.51% of the shares, totaling 115,317,000 shares[12] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[51]

Intellectual Property and Innovation - The company has 35 patents and 22 software copyrights, which are crucial for its main products and user services[9] - The company has established a risk control system for intellectual property to protect its innovations and market competitiveness[9] - The company holds 35 patents and 22 software copyrights, indicating a strong emphasis on innovation and intellectual property[42] - Jiangsu Daye holds 30 patents and 22 software copyrights, emphasizing its commitment to innovation and intellectual property protection[81] Quality Management - The company has implemented a quality management system compliant with ISO9001:2015, ensuring product quality and stability[10] - The company has not faced any product quality disputes, indicating effective quality control measures[10] - The company has established strict quality control measures in raw material procurement, production, and finished product quality management[43] - The company has implemented a quality management system compliant with ISO9001 standards, ensuring product quality and stability[82] Financial Performance - The company's operating revenue for the reporting period was ¥212,947,632.19, representing a 20.98% increase compared to ¥176,019,953.36 in the same period last year[26] - The net profit attributable to shareholders was ¥17,986,333.73, up 10.84% from ¥16,227,982.85 year-on-year[26] - The net cash flow from operating activities was -¥15,372,464.27, showing a slight improvement from -¥17,111,638.25 in the previous year[26] - The total assets at the end of the reporting period were ¥1,252,410,959.65, a decrease of 0.60% from ¥1,260,008,427.54 at the end of the previous year[26] - The net assets attributable to shareholders increased by 2.08% to ¥880,742,664.71 from ¥862,756,330.98 at the end of the previous year[26] - The basic earnings per share increased by 2.15% to ¥0.0569 from ¥0.0557 in the previous year[26] - The company achieved operating revenue of ¥212,947,632.19, an increase of 20.98% compared to the same period last year[46] - Net profit attributable to shareholders was ¥17,986,333.73, up 10.84% year-on-year, driven by improved order structure and a 5.77 percentage point increase in gross margin[46] Research and Development - The company plans to enhance its product structure and continue R&D around smart distribution network equipment[33] - The company has established a professional R&D team of over 90 members, focusing on smart distribution network equipment and solutions[38] - Research and development expenses reached ¥11,380,447.74, a significant increase of 55.37% year-on-year, reflecting substantial investment in new product development and upgrades[49] - Investment in R&D has increased by 30%, focusing on innovative technologies and new product development to enhance competitive advantage[188] Market Strategy and Expansion - The company emphasizes continuous technological updates to maintain or expand its market share in the rapidly evolving power distribution equipment sector[7] - The company is focused on enhancing its management capabilities to cope with the increased scale of operations and assets due to business expansion[12] - The company has implemented a differentiated marketing strategy, achieving breakthroughs in key provincial markets[45] - The company is actively promoting the layout of its power engineering business and the steady development of its renewable energy sector[45] - The company plans to continue its market expansion and product development strategies, focusing on automation and distribution projects[61] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[188] - A strategic acquisition of a local competitor is expected to be finalized by Q3 2020, which will enhance the company's product offerings and market reach[188] Financial Management and Investments - The company has temporarily supplemented working capital with CNY 1,500 million of idle raised funds, with a usage period not exceeding 12 months[68] - The company has invested CNY 158 million in bank wealth management products sourced from raised funds, with an outstanding balance of CNY 110 million[71] - The company has also invested CNY 86 million in bank wealth management products from its own funds, with an outstanding balance of CNY 20 million[71] - The company has committed a total investment of CNY 27,118.8 million in various projects, with a cumulative investment of CNY 13,354 million by the end of the reporting period, achieving a progress rate of 49.48% for the distribution network automation product expansion project[67] Shareholder Information - The company reported a total share count of 315,890,479 shares, with 55.55% being restricted shares[113] - Major shareholder Chen Jie holds 36.51% of shares, totaling 115,317,000 shares[115] - Nanjing Mingzhao Investment Management Co., Ltd. holds 11.36% of shares, totaling 35,883,000 shares, with 20,495,500 shares pledged[115] Cash Flow and Liquidity - The company's cash and cash equivalents stood at 8,651,401.15 CNY, also subject to guarantee deposits[61] - The company’s cash and cash equivalents as of June 30, 2020, amount to ¥127,520,809.83, a decrease from ¥137,137,444.21 at the end of 2019[134] - The total cash and cash equivalents at the end of the period were CNY 105,778,116.35, up from CNY 71,035,205.15 at the end of the first half of 2019[152] Risk Management - The company is committed to tracking project progress closely to mitigate risks associated with the use of raised funds[13] - Management risks are anticipated due to the expected increase in personnel and asset scale following successful issuance, necessitating enhanced management capabilities[83] - The company assesses credit risk of financial instruments at each balance sheet date, determining if the probability of default has significantly increased since initial recognition[198] Environmental and Regulatory Compliance - The company does not belong to the key pollutant discharge units as published by environmental protection departments[108] - The company has not reported any major environmental protection issues during the reporting period[108] - The company has not experienced any major litigation or arbitration matters during the reporting period[93] Corporate Governance - The company has not engaged in any significant related party transactions during the reporting period[96] - The company has not conducted any entrusted loans during the reporting period[72] - The company has not made any significant acquisitions or disposals of assets during the reporting period[97]

Intellectual Property and Innovation - The company has 30 patents and 22 software copyrights, which are crucial for maintaining market competitiveness [7] - The company has established a risk control system for intellectual property to protect its innovations and market position [8] - The company has accumulated 30 patents and 22 software copyrights, demonstrating its strong capabilities in technology innovation and intellectual property [45] - The company has implemented an efficient technical innovation incentive mechanism to encourage employee creativity and ensure continuous technological advancement [43] Quality Management - The company has implemented a quality management system compliant with ISO9001:2015, ensuring product quality and stability [9] - The company has not faced any product quality disputes, indicating effective quality control measures [9] - The company has established a comprehensive quality control system, having passed multiple quality management certifications, including ISO9001:2015 [47] Financial Performance - The company's operating revenue for 2019 was CNY 386,148,084.92, representing an increase of 8.66% compared to CNY 355,366,687.26 in 2018 [27] - The net profit attributable to shareholders for 2019 was CNY 33,779,997.84, a decrease of 5.63% from CNY 35,796,153.66 in 2018 [27] - The net cash flow from operating activities improved significantly to CNY 58,637,597.34, a 369.88% increase from a negative cash flow of CNY -21,727,473.23 in 2018 [27] - The total assets of the company increased by 58.44% to CNY 1,260,008,427.54 at the end of 2019, compared to CNY 795,268,487.16 at the end of 2018 [27] - The net profit after deducting non-recurring gains and losses was CNY 31,699,662.06, down 5.68% from CNY 33,610,410.86 in 2018 [27] Market Strategy and Expansion - The company is actively working on expanding its product and technology reserves to prepare for future market opportunities [6] - The company plans to expand its market presence, particularly in the distribution automation sector, driven by higher profit margins and demand from key clients [63] - The company aims to establish a solid market base by targeting State Grid Corporation and Southern Power Grid, employing diversified sales models to ensure sustainable growth and strong risk resistance [109] - The marketing strategy will focus on centralized bidding from State Grid and Southern Power Grid, e-commerce procurement, and high-tech collaborations in mature regions [109] Research and Development - The company has established a research and development team of over 90 professionals, focusing on various projects including distribution network automation terminals and smart medium-voltage switches [42] - The company invested ¥19,167,300 in R&D in 2019, focusing on high-standard ring main units and new environmentally friendly medium-voltage switches, resulting in 30 patents and 22 software copyrights [52] - The company plans to enhance its R&D team to meet the requirements of the State Grid Corporation for IoT integration in medium and low voltage equipment [106] Talent Management - The company has a competitive compensation system and career development plans to attract and retain technical talent [11] - The company has established a career development pathway for employees to enhance team cohesion and effectiveness [110] - The company will strengthen talent acquisition and training to optimize organizational structure and enhance operational efficiency [109] Corporate Governance - The company has established a governance structure that ensures clear responsibilities and checks and balances among the shareholders' meeting, board of directors, supervisory board, and management [198] - The company strictly adheres to legal regulations and internal rules for information disclosure, ensuring timely and accurate information is available to investors [199] - The board of directors includes 5 members, with 2 independent directors, meeting the legal requirements for board composition [198] Acquisitions and Investments - The company completed the acquisition of 70% of Suzhou Guoyu, increasing its total share capital from 291,600,000 shares to 315,890,479 shares [55] - The company reported a significant increase in fixed assets by CNY 65.49 million due to the acquisition of Suzhou Guoyu Carbon Fiber Technology Co., Ltd. in December 2019 [41] - The company plans to continue expanding its market presence and product development following the acquisition [90] Operational Efficiency - The company is focused on enhancing its management capabilities to cope with the rapid expansion of its business scale [10] - The company plans to significantly enhance production capacity through the implementation of automated production methods and process optimization, ensuring market demand is met [108] - The company has established a comprehensive internal control system to enhance operational efficiency and governance standards [198] Financial Management - The company has not changed the use of raised funds during the reporting period, maintaining a 0.00% change in purpose [97] - The company reported a total of 1,000 million temporarily supplemented for working capital in 2019 [99] - The company has invested CNY 1,203,500,000.00 in financial assets during the reporting period [87] Employee Welfare - The company has been actively involved in employee welfare, providing various social insurances and benefits [156] - The company provides various benefits, including free meals, transportation shuttles, and housing subsidies for core talents [194] Environmental Responsibility - The company does not belong to the key pollutant discharge units as per environmental protection regulations [161]

江苏大烨智能电气股份有限公司 2020 年第一季度报告全文 江苏大烨智能电气股份有限公司 2020 年第一季度报告 2020-029 2020 年 04 月 1 江苏大烨智能电气股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人陈杰、主管会计工作负责人王跃进及会计机构负责人(会计主管 人员)乔新忠声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏大烨智能电气股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 33,834,748.24 | 71,848,515.56 | -52.91% | | 归属于上市公司股东的净利润（元） | -2,875, ...